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Penny Stock News
Jun 2, 2009 2:49 am | Categories: ar index, automotive news, gas pricesPosted by pf_flyer
AR Index 554.93 +48.67 (+9.61%)
Stocks of individual interest
Toyota 81.72 +6.40
GM 0.75 -0.68
Ford 6.13 +0.87
Dow 8721.44 +444.12 (+5.37%)
With all the semi-uncertainty last week about whether GM would file bankruptcy and what would happen as a result, GM stock lost almost half its value in the last week. It's actually not quite to penny stock territory, but that 75 cent price tag might induce some speculation, even by small investors, in the GM that might emerge out of all this.
Speaking of speculation, the current run up at the pumps, for no apparent underlying supply or demand reasons, shows that those commodity markets are still not quite right...
Was it a red sky last and sailor's delight, or a red sky this morning and GM take warning? Today's the day for "the announcement" and naturally enough there was all sorts of media speculation about what it will all mean, liberally sprinkled with plenty of gloom and doom since that's all they seem comfortable doing. (If it bleeds, it leads)
A NY Times blog yesterday had several experts weighing in on different aspects of the situation and this comment by a professor or economics on closing dealerships caught my eye:
For us consumers, we’ll soon have only half as many places to buy G.M...
You have a lot of time to think when you're mowing an acre of grass, and during yesterday's lawn adventure the mind wandered to what I was going to blog about today, and I came up with the idea of doing a vehicle of the month review kind of thing.
I couldn't decide on what car or truck to do first, then it hit me... well it was the low hanging branch of an Austrian Pine that I didn't pay attention to, but it drove the idea for my May's vehicle into my skull...
Dear Dub,
I've been driving GM cars and trucks all my life and I think they're still the best cars out there and exciting new stuff is in the pipeline. But this morning I found that someone had soaped the windows of my car. They drew an oval that looked suspiciously like a Ford logo and some strange poem that said:
Jade line, true finds
A somber hymn damns our truant
elaborate rulings moot...
Better Than Space Mountain
May 29, 2009 2:49 am | Categories: automotive news, gmPosted by pf_flyer
This is the weekend. Monday is the deadline.
We have a member of the auto task force calling bondholders "terrorists" and it looks likely that Monday is going to be the day that we the people are going to own a large stake in GM...
I recently went to purchase a used Subaru.It looks like a great car but the shifting,( automatic ) engages more as I step on the gas.I was told this is normal for a Subaru
Is this true?
Chipinaw
Auto parts makers Visteon Corp and Metaldyne Corp filed for Chapter 11 bankruptcy protection for their U.S. operations, becoming the latest casualties of the global auto industry.
Every time some people here the word "bankruptcy" they think that means companies are going out of business, and that's not really what's going on here...
Operators Are Standing By
May 27, 2009 3:05 am | Categories: automotive news, commentaryPosted by pf_flyer
Things that make you go duh!
Car dealers that are slated to be closed by GM and Chrysler are selling cars at deeper discounts than dealers that are going to survive the cut.
DUH
On the other hand, getting car sales moving again is the whole point of this exercise isn't it?..
AR Index 506.26 -10.37 (-2.01%)
Stocks of individual interest
Toyota 75.32 -1.15
GM 1.43 +0.25
Ford 5.26 -0.24
Dow 8277.32 -226.76 (-2.67%)
Just days until the deadline for GM to come up with a plan and GM has clearly separated itself from the other components of the Index, and not exactly in the way you'd like as the chart for 2009 year-to-date clearly shows.
Not sure what I'll do with the index if GM takes the bankruptcy route. Maybe I'll take a poll to see what everyone thinks is representative of the auto industry and retool the numbers.
Ringing in the New Saturn
May 25, 2009 9:26 pm | Categories: saturn, samsung, renault, penske, roger penske, carlos ghosn, general motorsPosted by hudsonthedog
Saturn lost its way.
General Motors had a great idea to revolutionize the way it built and designed cars and this became Saturn. The original Saturn SL sedan wasn’t a class-leading vehicle by any stretch of the imagination, but it was a good American car at a good price...
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